Pound Sterling (GBP) is likely to range-trade between 1.3400 and 1.3460. In the longer run, the near-term bias is tilted to the upside, but GBP may not break above 1.3505, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

Near-term bias is tilted to the upside

24-HOUR VIEW: “Yesterday, we expected GBP to ‘range-trade between 1.3420 and 1.3470’. GBP subsequently traded in a lower range of 1.3402/1.3458, closing largely unchanged at 1.3433 (-0.08%). There has been no shift in either downward or upward momentum, and we continue to expect range-trading today, most likely between 1.3400 and 1.3460.”

1-3 WEEKS VIEW: “Our update from yesterday (21 Jan, spot at 1.3440) remains valid. As highlighted, “the near-term bias is tilted to the upside toward 1.3505, but based on the current momentum, GBP may not break clearly above this level.” On the downside, a breach of 1.3380 (no change in ‘strong support’ level) would indicate that GBP is likely to range-trade instead of trading with an upward bias.”

Octalas AI

الربح

الجميع يسارعون إلى خفض التكاليف. أما نحن، فنسرع نحو تحقيق الأرباح.

ابدأ البيع من خلال تقديم الخدمات

ابدأ الفترة التجريبية

مجانًا لمدة 14 يومًا · لا حاجة لبطاقة ائتمان